Compressed Natural Gas (CNG) prices in Delhi have been increased by Rs 2 per kilogram. This is the fourth hike since May 15. Following the latest revision, CNG will now cost Rs 83.09 per kg in the national capital.
The last three revisions were as follows: a hike of Rs 2 on May 15, Re 1 on May 18, and Re 1 on May 23. In total, prices have been raised by Rs 6 in the last 11 days.
The consecutive price hikes come amid the ongoing Iran war and continued disruptions around the Strait of Hormuz, a critical sea route for crude oil and gas supply.
Check Revised CNG Prices:-
Delhi | Rs 83.09 per kg
Noida | Rs 88.70 per kg
Greater Noida | Rs 88.70 per kg
Ghaziabad | Rs 88.70 per kg
Gurugram | Rs 86.12 per kg
Mumbai | Rs 84 per kg
Impact Of CNG Price Hike
A rise in CNG prices triggers a ripple effect. Price hikes directly raise the running costs for daily commuters, cab operators, and auto-rickshaw drivers. Besides, the cost of logistics also goes up, leading to higher retail prices for everyday goods.
Significantly, this latest CNG hike comes on top of the back-to-back rise in petrol and diesel prices. While petrol is selling for Rs 102.12 per litre in Delhi, the price of diesel has shot up to Rs 95.20 per litre. The cumulative impact of these fuel price hikes are starting to show impact on household budgets. Not just transportation, prices of daily-use commodities like milk and bread have also gone up.
Earlier this month, the price of 19-kg commercial LPG cylinder was also increased by Rs 993 amid supply disruptions due to the ongoing Iran war. In Delhi, the price of a 19-kg commercial LPG cylinder has reached Rs 3,071.50. As a result, dining out has also become more expensive for residents.
Following the last hike, taxi unions and commercial transport bodies across Delhi-NCR had opposed the hikes. However, there is little India can do at this point as the country imports about 90 per cent of its energy needs.
